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News / Blog

  • Jennete Ugo Anya
  • March 26, 2025

Seplat Energy to Redeem $3.2m Outstanding Notes on April 1

Seplat Energy Plc has announced plans to redeem its remaining $3.2 million outstanding notes on April 1, 2025, in accordance with its indenture agreement. In a statement released recently, the company’s Chief Financial Officer, Eleanor Adaralegbe, confirmed that the redemption applies to the entire outstanding principal amount of the notes issued under the indenture dated […]

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  • Jennete Ugo Anya
  • March 26, 2025

Dangote Sugar Refinery Appoints Ayeni As Independent Director

Dangote Sugar Refinery Plc has announced the appointment of Mrs. Yemisi Ayeni as an Independent Non-Executive Director, reinforcing the company’s commitment to strong corporate governance and strategic leadership. In a recent statement issued by the company, the board of directors approved Mrs. Ayeni’s appointment on March 20, 2025, citing her extensive experience in finance, governance, […]

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  • Jennete Ugo Anya
  • March 26, 2025

UBA Reports N804bn Profit for 2024, Declares N3.00 Dividend

United Bank for Africa (UBA) Plc has posted another year of strong financial performance, reporting a 26.14 percent increase in profit after tax (PAT) to N766.6 billion for the full year ended December 31, 2024. The audited results, filed with the Nigerian Exchange Limited (NGX) recently, also reveal a 6.1 percent rise in profit before […]

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  • Jennete Ugo Anya
  • March 24, 2025

CWG Plc Reports N4.4bn Pre-Tax Profit, Announces Dividend

CWG Plc has reported a remarkable financial performance for the year ended December 31, 2024, posting a pre-tax profit of N4.4 billion, representing a 290.24 percent increase from the N1.1 billion recorded the previous year. The company’s full-year revenue surged by 97 percent year-over-year, reaching N46.3 billion, nearly doubling the N23.5 billion reported in 2023. […]

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  • Jennete Ugo Anya
  • March 24, 2025

LivingTrust Mortgage Bank Obtains CBN’s Approval To Appoint 8 New Directors

LivingTrust Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to appoint eight new directors to its board, a move that highlights its commitment to strengthening leadership and driving its growth strategy. The bank, in a notification to the Nigerian Exchange Group Limited (NGX Group) signed by its Managing Director and […]

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  • Jennete Ugo Anya
  • March 24, 2025

SEC Reaffirms Zero Tolerance for Market Infractions

In a decisive move to bolster confidence in Nigeria’s capital market, the Securities and Exchange Commission (SEC) has reaffirmed its commitment to zero tolerance for market infractions. Director-General of SEC, Dr. Emomotimi Agama, announced over the weekend that only ‘fit and proper’ individuals and entities would be allowed to operate in the financial markets. Dr. […]

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  • Jennete Ugo Anya
  • March 21, 2025

Dangote Cement Appoints Fapohunda as Group Financial Officer

Dangote Cement Plc has announced the appointment of Dr. Gbenga Fapohunda as its Group Financial Officer (GFO), effective January 1, 2025. The company confirmed this leadership change in a corporate filing with the Nigerian Exchange Ltd. (NGX) recently. Dr. Fapohunda, a seasoned finance executive with over two decades of expertise, steps into the role at […]

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  • Jennete Ugo Anya
  • March 21, 2025

FirstHoldco Plc Attains Full-subscription of N150bn Rights Issue

FirstHoldco Plc has successfully completed its N150 billion Rights Issue, surpassing expectations with a 25 percent oversubscription. The company raised N187.6 billion in the first phase of its capital-raising initiative, reinforcing investor confidence in its strategic direction. Announcing the milestone, Group Managing Director of FirstHoldco Plc, Mr. Adebowale Oyedeji, highlighted the enthusiastic shareholder response, attributing […]

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  • Jennete Ugo Anya
  • March 21, 2025

Flutterwave, FIRS Partner To Digitise Tax Collection In Nigeria

Flutterwave, one of Africa’s top payment technology firms, has partnered with the Federal Inland Revenue Service (FIRS) to modernise tax collection in Nigeria. The initiative aims to simplify tax compliance by providing multiple digital payment options, real-time reporting, and offline capabilities for areas with limited internet access. Flutterwave CEO, Mr. Olugbenga ‘GB’ Agboola, emphasised the […]

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  • Jennete Ugo Anya
  • March 21, 2025

BOI Unveils N10bn GLOW Fund to Boost Female Entrepreneurs

The Bank of Industry (BOI) has launched the Guaranteed Loans for Women (GLOW) Fund, a N10 billion initiative aimed at bridging the financial inclusion gap for female entrepreneurs in Nigeria. Announced by BOI Managing Director, Dr. Olasupo Olusi, the fund will provide women-led businesses with access to capital, mentorship, and capacity-building support. With 23 million […]

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